EVER HEARD OF STOCK BUYBACKS? PLACING TWO WAIT AND WATCH BUY ORDERS.

December 30, 2019.BIZD went ex dividend today. We have placed a BUY LIMIT GTC order at $16.20. It could take weeks to get filled, if it ever does. We will just wait and watch. Pays almost 9%.

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Business Development Companies Index. The fund normally invests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index is comprised of BDCs. BDCs are vehicles whose principal business is to invest in, lend capital to or provide services to privately-held companies or thinly traded U.S. public companies.

GSBD went ex dividend today. We have placed a BUY LIMIT GTC order at $19.58. Wait and watch.

Goldman Sachs BDC, Inc. is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities. The fund primarily invests in United States. It seeks to invest between $10 million and $75 million in companies with EBITDA between $5 million and $75 million annually.

There is a growing “general consensus” among the smart financial advisors we follow, that oil/pipelines are heading higher. We are holding two disastrous oil positions in the Core Portfolio only for the dividends, waiting to try and “get back to even.” We are NOT suggesting you buy these altho a lot of advisors are recommending these expecting them to go higher (we heard one on Fox Business this morning) but the link below talks about potential investments.(we hold two positions that are discussed)

We have talked about this many times:So WHY does the stock market keep going HIGHER.

“So, how is it that stocks remain near record highs? The primary culprit, as discussed previously, remains corporate buybacks which remain the primary source of market support in 2019. This is especially the case after US banks announced $129 bn in buybacks over the next 4-quarters.

“So, how is it that stocks remain near record highs? The primary culprit, as discussed previously, remains corporate buybacks which remain the primary source of market support in 2019. This is especially the case after US banks announced $129 bn in buybacks over the next 4-quarters.

Buybacks, according to BofA, are on pace for a record at $43B so far this year versus just $75B for the entirety of 2018. This suggests a record of over $1 trillion in S&P 500 buybacks for 2019.”

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